Tag: India: Melting scrap prices improves by INR 300/t d-o-d in Alang

Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 300/t d-o-d on 27 June’24, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 36,300/t ($435/t) exy. During the second half of yesterday’s trading session, semi-finished steel prices increased in the region. Additionally, strong buying inquiries for scrap from induction furnace mills in…